President Dalia Grybauskaite has signed a law on the ratification of the trade agreement between the European Union and Canada. Currently around 150 Lithuanian companies export to Canada, with as many as 80% of them being small or medium, according to a statement issued by the presidential office. The EU-Canada trade agreement will eliminate 99%…

Kazakhstan’s National Bank has suspended the license of Qazaq Banki JSC for accepting deposits and opening bank accounts for individuals for a period from April 28 till July 27, the press service of the National Bank of Kazakhstan said in a message. “The validity of the license of Qazaq Banki JSC for accepting deposits of…

Ukraine has announced that it is set to begin delivery of the first trams to Egypt by July, according to a statement by the Ukrainian manufacturer Tatra-Yug. The first batch of trams will be docked in Alexandria in early June, the statement said, adding that the delivery of the trams would be completed by the…

Ukraine’s railways operator, the state-run JSC Ukrzaliznytsia, tripled investment in the first quarter of 2018, to UAH 3.869 billion ($147.5 million). “Capital investment of Ukrzaliznytsia was estimated at UAH 3.869 billion in the first quarter of 2018. The major part of funds, that is UAH 2.43 billion, accounting for almost 63%, was spent on the…

The first quarter sales revenue of the Estonian state-owned energy group Eesti Energia totaled EUR 228.6 million, marking an increase of 6.2% on year, while net profits declined by 16.1%, to EUR 40.5 million. The revenues of most business segments of Eesti Energia grew in the first quarter on the back of higher electricity and…

Compared to March 2017, the total retail trade turnover rose by 6.5% in March 2018. Turnover of retail trade in food products has increased by 6.8%, turnover of retail trade in non-food products by 6%, and turnover of retail sale of automotive fuel by 7.3%. Compared to March of the previous year, the most significant…

One of the peasant enterprises of Kyzylorda region plans to sow Iranian Torem Hoshemi rice variety on 500 ha. Last year it sowed a trial of Iranian rice on 70 hectares and got a good harvest, thus, gaining an opportunity to export its products to Iran. The local experts analyzed the mineral content of the…

The volume of public and government-guaranteed debt of Ukraine in the first quarter of 2018 increased by $1.06 billion in dollar terms, or by 1.4%, to $77.37 billion as of March 31. In hryvnia equivalent, public debt over the said period decreased by UAH 88.09 billion, or by 4.1%, to UAH 2.054 trillion, according to…

Ukrainian President Petro Poroshenko has ordered to start the large-scale production of Ukraine’s brand new Vilkha (Alder) missile system in 2018. “The Ukrainian army will get high-precision weapons. I attended the final testing of our Vilkha missile complex,” he wrote on Facebook on April 25. “Why is it so important? Not only because the Ukrainian…

The Association of Beekeepers of Azerbaijan will send an appeal to the Agriculture Ministry, according to the president of the association Badraddin Khasratov. The goal is to obtain organic certification for Azerbaijani honey. “The ministry should apply to the Cabinet of Ministers for this. After the receipt of the certificate of organic product, the entry…

Kyrgyzstan will export beef and mutton to China, the Director of the State Inspection for Veterinary and Phytosanitary Safety, Kalysbek Zhumakanov, declared on April 26. According to him, Kyrgyzstan has signed four protocols with China for the export of meat. “We will also export products from beef, lamb, chicken,” Kalysbek Zhumakanov told. He stressed that…

Tajikistan has called on the European Bank for Reconstruction and Development Bank (EBRD) to participate in construction of the Rogun hydroelectric power plant (HPP). The request has reportedly been made during a meeting of Jamoliddin Nouraliyev, First Deputy Head of the National Bank of Tajikistan (NBT), with Jurgen Rigterink, First Vice-President of the European Bank…

Ukraine is working on the signing of a number of international contracts in the aerospace sector, Ukrainian Deputy Minister for Economic Development and Trade Yuriy Brovchenko, who heads the Ukrainian delegation at the 2018 ILA Berlin Air Show, declared. “We are reaching the finish line in terms of signing some contracts, procedures for joining the…

In January-March Ukrainian enterprises completed construction works worth UAH 18.3 billion, the index of construction products made up 99.7% compared with the same period in 2017, Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze stated, the government’s press service reports. “In the first three months of 2018 Ukrainian enterprises carried out construction…

The total price index of agricultural output in 2017 increased by 11.6% YoY, which was mainly due to the rise in prices of livestock products by 25.8%. The price index of crop products grew by 2.2%. Increase in the price index of livestock products was mainly affected by significant rise in milk prices. The average…

Kazakh Energy Ministry has found a private investor ready to take part in construction of the fourth refinery in the territory of Kazakhstan, our correspondent reports. “Another key step in the domestic oil and gas industry is construction of a new refinery. A group was set up on the instructions of the president to develop…

Belarus plans to refinance 75% of the external debt, Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur declared. He spoke about the latest decisions of the government. He said that 75% of the external debt would be refinanced and 25% would be repaid from the revenues the…

Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub says the central bank’s tighter monetary policy will help to curb inflation to 5% by the end of 2020. “A tighter monetary policy will help to return inflation to the target range in the second half of 2019 and reduce it to 5% at…

Ukrainian farmers in January-March boosted fruit and berry exports by 68% YoY, to $57 million. “The leaders in the commodity structure of domestic products exports this year were walnuts ($42 million), frozen berries ($10 million), as well as apples and pears ($5 million),” the press service of the Ukrainian association of gardening and small fruit…

Azerbaijan’s construction and production company Akkord has been declared the winner of the tender for the implementation of two infrastructure projects in Georgia with a total value of $59.5 million, the company said in a statement. The customer of both projects is the Road Department of the Ministry of regional development and infrastructure of Georgia,…

Equipment for the new control tower at the Dushanbe airport will be supplied by French Company Thales, a source in the Tajik government reported. The source said this issue had been discussed at a meeting of Tajik Deputy Prime Minister Azim Ibrohim with Vice-President of Thales Oliver Auchan. The equipment is expected to be supplied…

Estonian Railways (EVR), the Estonian state-owned railway infrastructure company, is to begin repairwork on the Tallinn-Keila-Riisipere section of rail beginning with Riisipere Station on April 30. “Beginning from April 30 rail work will be carried out on the western part of Riisipere Station,” Riho Vjatkin, head of EVR’s construction service, said in a press release,…

Ukraine in January-February saw its major export flows directed toward the European Union member states, Singapore, Belarus, Turkey, Moldova and Iraq, according to Prime Minister of Ukraine Volodymyr Groysman. “Exports grew the most to the EU, that’s by 36.2%, totaling EUR 3.3 billion. Sales of Ukrainian products to Singapore, Belarus, Turkey, Moldova and Iraq increased…

The number of passengers served by Ukrainian transport companies in January-March decreased by 2.6% YoY, according to the data released by the State Statistics Service of Ukraine. “In January-March 1,120.9 million passengers used transportation services in Ukraine, or 97.4% of the volume in the same period in 2017 (excluding the temporarily occupied territories in the…

A subsidiary of Estonian logistics company GTS Express entered into a cooperation contract with a Chinese company in the framework of which initially two trains from Xian per week should begin arriving in Muuga beginning in June. On April 19, GTS Rail, a subsidiary of GTS Express, signed a cooperation contract in the Chinese city…

Uzbekistan and Canada discussed promotion of cooperation in innovative development of real economy of the Central Asian state, the press service of the Ministry of Innovative Development of Uzbekistan reported on April 23. According to the statement, the discussion was held within the framework of the meeting between Deputy Minister Sherzod Shermatov and Minister-Counsellor, Senior…

The start of production of cars at the joint Azerbaijani-Iranian factory in the Neftchala industrial zone may stabilize prices on the automotive market of Azerbaijan, General Director of MBA Group consulting company, expert in the field of valuation Nusret Ibrahimov declared. According to the expert, the main factor that can cause price stabilization will be…

The exports of Ukrainian goods grew to $7.4 billion in two months of 2018. “In two months of 2018 the exports of Ukrainian goods totaled $7.4 billion (up by 17.9% YoY),” Prime Minister of Ukraine Volodymyr Groysman posted on Facebook. As the Prime Minister noted, the exports to the EU showed the highest growth, up…